Iran sanctions worry Asian shipowners

Ocean

Tuesday, May 22, 2012
   The 21st Asian Shipowners Forum, which concluded its annual meeting in Port Douglas, Australia on Tuesday, expressed alarm over what it said may be an unintended effect of the European Commission's sanctions against Iran.    It said the sanctions include a prohibition of insurance cover from members of the “International Group” of protection and indemnity insurers for ships carrying Iranian crude oil, petroleum or petrochemical products, or for ships, perhaps inadvertently,...
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